Upstream

LITASCO,  a subsidiary of Russian oil producer Lukoil, has wrapped up the divestment of the ISAB oil refinery in Sicily, Italy, to GOI Energy, a Cyprus-based private equity company. The deal was approved by the Italian government in April this year. Some important conditions were laid down by the Italian government, which included no job […]

Saipem has been given the go-ahead to proceed with the final phase of ExxonMobil’s recently sanctioned $12.7 billion oil project off Guyana. The post Green light for Saipem to move ahead with work on ExxonMobil’s fifth oil development off Guyana appeared first on Offshore Energy.

North America oil and gas production was 44.96mmboed in 2022, an increase of 11.40% in 2021. The US, Canada, and Mexico are the largest oil and gas-producing countries. Through 2030, North America’s oil and gas production is forecasted to increase by a CAGR of 0.52% to reach 42.93 mmboe. GlobalData uses proprietary data and analytics

Gulf of Mexico oil and gas production was 3.77mmboed in 2022, an increase of 0.05% in 2021. The largest oil and gas-producing countries are the US and Mexico. Through 2030, the Gulf of Mexico’s oil and gas production is forecasted to decrease by a CAGR of 0.087% to reach 1.66mmboed. GlobalData uses proprietary data and

The total oil and gas production of Middle East in 2022 was 42.25mmboed an increase of 4.82% when compared to 2021. The largest oil and gas producing countries are Saudi Arabia, Iran, and Iraq. Through to 2030, annual oil and gas production is forecasted to increase by a CAGR of 1.42% to reach 48.06mmboed. GlobalData

South America crude oil and natural gas production was 7.58mmboed in 2022, an increase of 3.60% in 2021. The largest oil and gas-producing countries are Brazil, Argentina, and Colombia. Through 2030, South America’s oil and gas production is forecasted to decrease by a CAGR of 5.25% to reach 4.79mmboede. GlobalData uses proprietary data and analytics

South America natural gas production was 3,091.01bcf in 2022 a decrease of 1.5% compared with 2021. The largest gas-producing countries are Argentina, Peru, and Bolivia. Through 2030, South America gas production is forecasted to decrease by a CAGR of 7.37% to reach 1,552.38bcf. GlobalData uses proprietary data and analytics to provide a complete picture of

North America natural gas production was 35,077.52bcf in 2022, an increase of 17.91% compared with 2021. The largest gas-producing countries are the US, Canada, and Mexico. Through 2030, North America natural gas production is forecasted to increase by a CAGR of 0.61% to reach 37,053.80bcf. GlobalData uses proprietary data and analytics to provide a complete

North America crude oil and condensate production was 16.20mmbpd in 2022, an increase of 5.57% in 2021. The US, Canada, and Mexico are the largest crude oil-producing countries. Through 2030, North America’s crude oil production is forecasted to decrease by a CAGR of 0.46% to reach 15.54mmbpd. GlobalData uses proprietary data and analytics to provide

The total crude oil and condensate production of Middle East in 2022 was 26.26mmbpd an increase of 7.10% when compared to 2021. The largest oil producing countries in Middle East are Saudi Arabia, Iraq, and the UAE. Through to 2030, annual crude oil and condensate production is forecasted to increase by a CAGR of 0.89%